Avery: Hey guys, welcome back to the Short Term Show! I am very excited to introduce this guest to our audience. You’re probably his audience too, actually. We have Dave Meyer, VP of Data and Analytics at BiggerPockets, to talk about the market and really, I mean, all things related to interest rates and home prices. Should we invest and all the things? So, Dave, how’s it going?

Dave: I’m super excited to be here. Thank you for inviting me, and I’m excited to talk about all of those confusing but important topics that you just mentioned. Yes, how the tables have turned. You’ve interviewed me a couple of times, and this will be the first time doing the opposite. It’s true.

Avery: Awesome! So first, let’s start off by just telling our listeners a little bit about yourself, who you are, what you do, what your jam is – besides sandwiches.

Dave: Sure, so as Avery said, I’m the Vice President of Data and Analytics at BiggerPockets. I’ve worked there for more than seven years now in a variety of roles, most of the time related to data. That’s what my education and training are in. Over the last couple of years, I’ve started to transition away from sort of doing the internal data at BiggerPockets, like running the Business Intelligence team, and more towards understanding the real estate market, which we call “Market Intelligence,” and BiggerPockets is really trying to understand, study, and analyze the macroeconomic and local housing market factors that impact real estate investing decisions. So, that’s how I spend most of my time. I’m also a real estate investor. I’ve been investing for almost 13 years now, mostly in rental properties and syndications, but I do have one lonely short-term rental, so I have a bit of experience there.

Avery: That’s great! It sounds like you have a little bit of experience here. One lonely short-term rental, huh?

Dave: Yeah, it’s—I did it, as I’m sure a lot of people get into it. I did it because I wanted a place where I could go and use, and I bought it right before I moved to Europe. So, I never use it, but it’s been a great investment, so I’m pretty happy with it.

Avery: Good! Where is it?

Dave: It’s in Colorado. Right, it’s a ski market somewhere—exactly, it’s in a little ski town in Colorado.

Avery: Awesome! Well, I have all kinds of questions for you, and a limited amount of time to get through them, so let’s start with the elephant in the room. Actually, there’s a number of elephants in the room with the way the economy is right now. So, I guess we’ll start with: What do you see happening based on the trends in the market right now?